13 Feb 2015
USD/CHF trades around flatline, US data eyed
FXStreet (Mumbai) - USD/CHF steadies below 0.9300 levels, bouncing-off session lows during the European session, on a weaker US dollar undermined by downbeat US jobs/retail sales data.
Rises from 0.9270 levels
Currently, the USD/CHF traded -0.27% lower at 0.9286 levels, recovering from fresh session highs posted at 0.9270 levels some hours ago. The pair remained in red as a bearish US dollar continued to weigh across the board. The US dollar index, measuring the relative strength of the greenback versus six major currencies, trades lower at 94.20 levels.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists until 0.9306 levels is breached as traders now await US consumer sentiment data for fresh cues.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9306 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9250 levels and below that at 0.9221 levels.
Rises from 0.9270 levels
Currently, the USD/CHF traded -0.27% lower at 0.9286 levels, recovering from fresh session highs posted at 0.9270 levels some hours ago. The pair remained in red as a bearish US dollar continued to weigh across the board. The US dollar index, measuring the relative strength of the greenback versus six major currencies, trades lower at 94.20 levels.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists until 0.9306 levels is breached as traders now await US consumer sentiment data for fresh cues.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9306 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9250 levels and below that at 0.9221 levels.